Technical Calls:Jet Airways and KS Oils

Jet Airways

Ascending Triangle formation in Jet Airways Taking support at Lower trendline and Facing resistance at upper trendline.Breakout of the above mentioned trendline can propel the stock to higher levels

Buy above 848 Tgt 861 and 874

KS Oils

KS oils is an excellent example of Support becoming resistance and resistance becoming support.

As you can see in the chart 100 DMA was facing as support in March of this year and Stock was taking support but once it closed below 100 DMA it just was not able to cross this resistance of 100 DMA as clearly shown in charts.

Now last trading day KS Oils was able to cross 100 DMA and move up further to close around 56 levels.Every dip till rs54 should be used to buy this stock as 100 DMA will be there to support this

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